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Hotels, Motels & Cruise Lines

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EIH Ltd Dec-qtr profit rises about 8 pct

11:43am GMT

EIH Ltd : Dec quarter net profit 543.1 million rupees . Dec quarter net sales 3.62 billion rupees .Net profit in Dec quarter last year was 501.5 million rupees as per Ind-AS; net sales was 3.98 billion rupees.

Les Hotels Baverez says FY results won't meet earlier estimates

Friday, 20 Jan 2017

Les Hotels Baverez Sa : FY revenue 26.3 million euros ($28.1 million) versus 26.5 million euros year ago .FY results will not live up to the estimates made in early 2016.

Rolando B. Rodriguez appointed chairman, president and CEO of Marcus Theatres

Thursday, 19 Jan 2017

Marcus Corp - : Rolando B. Rodriguez appointed chairman, president and CEO of Marcus Theatres® .Rolando B. Rodriguez will continue to serve as executive vice president of Marcus Corporation.

Fincantieri says signed deal with Carnival worth over 1 bln euros

Thursday, 19 Jan 2017

Fincantieri says:It has signed a memorandum agreement with Carnival Corporation & plc for the construction of two new cruise ships for an overall value exceeding 1 billion euros.

CARNIVAL CORP TO BUILD TWO NEW CRUISE SHIPS WITH FINCANTIERI S.P.A.

Thursday, 19 Jan 2017

Carnival Plc : CARNIVAL CORPORATION TO BUILD TWO NEW CRUISE SHIPS WITH FINCANTIERI S.P.A. . MEMORANDUM OF AGREEMENT WITH FINCANTIERI S.P.A. TO BUILD TWO NEW CRUISE SHIPS WITH FINAL CONTRACTS EXPECTED TO BE EXECUTED IN EARLY 2017 .SAYS WITH THE NEW AGREEMENT, CARNIVAL CORPORATION NOW HAS 19 NEW SHIPS SCHEDULED TO BE DELIVERED BETWEEN 2017 AND 2022.

La Quinta Holdings to pursue separation of its businesses

Wednesday, 18 Jan 2017

La Quinta Holdings Inc : La Quinta Holdings to pursue separation of its businesses into two stand-alone, publicly traded companies . La Quinta Holdings Inc - transaction could involve spinning off our owned real estate assets as a separate company .La quinta holdings - J.P. Morgan is acting as financial advisor to company and Simpson Thacher & Bartlett LLP is serving as legal advisor to company.

Accorhotels launches bond offering 600 mln euros, 7 year maturity, annual coupon of 1.25 pct

Wednesday, 18 Jan 2017

Accorhotels : Successful launch of a bond offering 600 million euros ($640.74 million), 7 year maturity, annual coupon of 1.25% . The offering was widely over-subscribed .The transaction was completed within a short time, and at a very favorable conditions; based on these elements, the bond was finally raised to 600 million euros.

HYATT HOTELS SAYS ACQUIRED MIRAVAL GROUP FROM AN AFFILIATE OF KSL CAPITAL PARTNERS

Wednesday, 18 Jan 2017

Hyatt Hotels Corp : HYATT ACCELERATES GROWTH STRATEGY INTO ADJACENT SPACES WITH ACQUISITION OF WELLNESS LEADER MIRAVAL GROUP . HAS ACQUIRED MIRAVAL GROUP FROM AN AFFILIATE OF KSL CAPITAL PARTNERS, LLC . EXPECTS TO INVEST AN ADDITIONAL $160 MILLION OVER NEXT TWO TO THREE YEARS TO FUND EXPANSION OF TUCSON RESORT AMONG OTHERS . TRANSACTION ALSO INCLUDES ACQUISITION OF MIRAVAL LIFE IN BALANCE SPA BRAND . COMPANY EXPECTS THE INVESTMENTS TO BE MARGINALLY ACCRETIVE TO ADJUSTED EBITDA IN 2017 AND 2018 . ACQUISITION INCLUDES AN INITIAL INVESTMENT OF $215 MILLION FOR MIRAVAL BRAND AND RESORTS IN TUCSON AND AUSTIN .SAYS WILL FUND DEAL WITH CURRENT OPERATING CASH FLOWS, PROCEEDS FROM SALE OF EXISTING ASSETS, CONSISTENT WITH CO'S ASSET RECYCLING PROGRAM.

Asia Knight says high court grants leave to T-Venture Industries to commence judicial review proceedings

Wednesday, 18 Jan 2017

Asia Knight Bhd : High Court on 16 Jan granted leave to T-Venture Industries to commence judicial review proceedings .Judicial review regarding appeal made by T-Venture against claim raised by Royal Malaysian Customs in respect of import duty and sales tax.

Misr Hotels H1 profit rises

Thursday, 12 Jan 2017

Misr Hotels Co : H1 net profit after tax EGP 94.2 million versus EGP 84.2 million year ago Source: (http://bit.ly/2jmfgGu) Further company coverage: [MHOT.CA] ((Bangalore.newsroom@thomsonreuters.com;)).

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